Business Loan from Corefirst Bank & Trust Given to Store Retailers Company

An SBA loan from Corefirst Bank & Trust typically comes with favorable terms and competitive loan rates. In this SBA loan issued by the bank, an Emporia, Kansas business owner got a $79,230 loan.

The SBA helps new or growing businesses raise capital. In this case, an entrepreneur in Emporia, Kansas was able to borrow $79,230 from Corefirst Bank & Trust. The SBA made the loan possible by guaranteeing $39,615 of this Kansas small business loan.

SBA Loan Borrower

COMPANY TYPE: STORE RETAILERS
EMPORIA, KS 66801

SBA Loan Lender

COREFIRST BANK & TRUST
3035 S TOPEKA AVE
TOPEKA, KS 66611

This lender processed this commercial loan under the SBA Express program, which offers a streamlined review process in which bankers can process SBA loan applications on an expedited basis.

SBA Loan Program Type

This loan was issued under the SBA Fast Track program, which later was renamed the SBA Express loan program.

NAICS Code

453998 - Store Retailers

Loan Approval Date

10/21/2004

Loan Approval Gross Amount

$79,230

Loan Approval from the SBA

Of the total $79,230 loan amount, the SBA guaranteed $39,615.

More Information on This SBA Loan

The borrower borrowed this money for a new business. The SBA's records indicate that the loan was not for investment in a franchise. At the time of the loan, the company had 3 employees. This SBA loan request indicated that the funding would help create 3 new jobs.

Getting an SBA Loan For Your Business

SBA loan applications are made through a bank. The SBA guarantees a loan to the bank, so in case the borrower defaults, the bank is guaranteed a portion of the loan by the SBA.

The SBA is important source of financing for entrepreneurs like you. Take this loan, for example. The company needed a loan. Corefirst Bank & Trust had a strong track record in business lending, and with the SBA stepping up and agreeing to guarantee part of the loan, Corefirst Bank & Trust made the loan. The end result was that this firm was given the opportunity to grow their business and enhance the lives of their employees and customers.

The process for getting an SBA loan is relatively straight-forward. Sit down with your banker and they will explain the process in detail.

About This SBA Loan Information:

All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ.

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